(a) Beginning with the taxable year after December 31, 2013, through the taxable year ending December 31, 2026, there shall be allowed against the tax imposed by § 47-1806.03 a credit in the amount of 50% of the equipment and labor costs directly attributable to the cost to convert a motor vehicle licensed in the District that operates on petroleum diesel or petroleum derived gasoline to a motor vehicle that operates on an alternative fuel, not to exceed $19,000 per vehicle.
(b) The credit claimed under this section in any one tax year may not exceed the taxpayer’s tax liability under § 47-1806.03 for that year. The credit shall not be refundable.
(c) For the purposes of this section, the term “alternative fuel” shall have the same meaning as provided in § 47-1806.12(f)(1).
(Feb. 26, 2015, D.C. Law 20-155, § 7072(b), 61 DCR 9990.)
For temporary (90 days) addition of this section, see § 7082(b) of the Fiscal Year 2015 Budget Support Emergency Act of 2014 (D.C. Act 20-377, July 14, 2014, 61 DCR 7598, 20 STAT 3696).
For temporary (90 days) addition of this section, see § 7072(b) of the Fiscal Year 2015 Budget Support Congressional Review Emergency Act of 2014 (D.C. Act 20-449, October 10, 2014, 61 DCR 10915, 20 STAT 4188).
For temporary (90 days) addition of this section, see § 7072(b) of the Fiscal Year 2015 Budget Support Second Congressional Review Emergency Act of 2014 (D.C. Act 20-566, January 9, 2015, 62 DCR 884, 21 STAT 541).
Structure District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 18 - Income and Franchise Taxes
Subchapter VI - Tax on Residents and Nonresidents
§ 47–1806.01. Tax on residents and nonresidents — “Taxable income” defined
§ 47–1806.02. Tax on residents and nonresidents — Personal exemptions
§ 47–1806.03. Tax on residents and nonresidents — Imposition and rates
§ 47–1806.04. Tax on residents and nonresidents — Credits — In general
§ 47–1806.04a. Public outreach for earned income tax credit
§ 47–1806.05. Tax on residents and nonresidents — Credits — Campaign contributions. [Repealed]
§ 47–1806.06. Tax on residents and nonresidents — Credits — Property taxes
§ 47–1806.07. Tax on residents and nonresidents — Reduction of top rate to goal of 8% or lower
§ 47–1806.08b. Tax on residents and nonresidents — Refund of credit
§ 47–1806.10. Income averaging — Employment discrimination
§ 47–1806.11. Tax on residents and nonresidents — Credits — Energy conservation credit. [Repealed]
§ 47–1806.12. Tax on residents and non-residents — Credits — Alternative fuel infrastructure credit